5 steps to managing high-risk gambling merchants. An effective merchant monitoring approach will be automated, leverage cutting-edge analytics, real-time urgency and flexible data ingestion, and be able to proactively alert acquirers to potential risks and double as a competitive advantage for attracting new merchants to. SquareAuthorize. Search. 2 Merchant Risk 10 Questionable or Unsound Business Practices High-Brand Risk Merchants Sellers Involved in Fraud or Illicit Activity. Gigadat provides businesses with a robust portfolio of flexible and secure online banking payment solutions that ensure e-merchants succeed. In some cases, payment gateways for high-risk. No. This pricing is very good in the high-risk. A high-Risk Merchant Account isn’t easily available. May 2022 - Present 1 year 7 months. A competitive payment processing fee for a standard retail small-business account might be 2. Specifically high-risk. Increase revenue and speed into target markets by performing proper due diligence. 5. Non-compliance. Choose Payment Methods and Systems for. January 14, 2022. Responsible for Managing a portfolio of 30 undeveloped merchant and partner accounts across a wide variety of sectors including. The Visa Dispute Monitoring Program (VDMP) is for merchants with an unacceptably high chargeback ratio, and the Visa Fraud Monitoring Program (VFMP) is for merchants with a similarly excessive rate of fraud. Show Summary. Identify and document what the merchant is selling, beyond its MCC or SIC code. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. The market value is anticipated to reach $296. KIS Payments: Best For Cash Discounting. Payment processing fees: 2% to 3. Former Augustana Vikings national champion point guard Jordan Spencer returned to his former college to share lived experience of gambling issues that affected. Specialty credit card processing for three decades. Verifi: Best for merchants that take Visa (also works with other chargeback apps) ClearSale: Best for reducing false declines. High-Risk Merchant Accountsmeans less management required and a lower risk of failure. Policies and Procedures 2. It’s an essential setup for both an ecommerce business and a bricks-and-mortar store. payment types. The level an organization is delegated to varies according to: The number of credit card transactions processed every year, andIn 2023, the gaming industry will have experienced expansion, change, and some noteworthy trends. Visa and Mastercard have high-risk or high brand-risk programs with broadly similar objectives. But high-risk merchants won't get that. Our key services include: Payment Gateway Integration: Seamlessly integrate payment. Flagship Merchant Services: Best. Annual confirmation Annual confirmation. American Express & High-Risk Merchants. 7 Payment Gateways with a Higher Appetite for High-Risk Merchants 1. In 2022 its revenue was £8. Thanks to merchant services, you can process credit cards, debit cards, contactless payments, ACH payments, mobile payments, gift cards, store credit. The latter is especially crucial, as data from Chargebacks911 states a single chargeback will cost merchants $190. Low-risk merchants have lower chances of fraud, money laundering, and other financial hazards that will cause them to lose money. It is managed by JPMorgan Chase. Account funding, stored-value card purchases, and prepaid loans (non-financial institution) 6540. Host Merchant Services: Best for Interchange-Plus Pricing. Like Square, Stripe doesn’t work with high-risk merchants. High-Risk Merchant Accounts are not allocated based on ATV or expected volume. MERCHANT TYPE. AMP or Application Management Panel is a game server management panel. Specific airlines, air carriers. eMerchantBroker is a Los Angeles, California-based company that offers high risk e-commerce processing solutions including CBD oil merchant accounts. Seamlessly integrate payment methods to connect cards and digital wallets. Forex Merchant Accounts opening in Europe! Contact us +972-504938469 [email protected] Licenses Services; About us;. Chargebacks911 is the payment industry leader in chargeback management, comprehensive fraud mitigation, risk management, and loss prevention, serving card-not- present merchants, banking. Problem #1: Most large banks and credit card companies won’t work with adult merchants. A High-Risk Merchant Account is a digital account for high-risk merchants that keep track of all transactions. In fact, game servers are at the greatest risk for a DDoS attack compared to other hosting types. 19 and is now in the Hodeidah port area in Yemen,. Finding the right payment processor for a Specialty merchant account can be challenging. 1. Historically, merchants in high-risk categories have had few options for payments. Merchant risk profiles . We examine the updated requirements for acquirers and their agents in respect of high-risk merchants. Get a Free Consultation about an eGaming or eSports Merchant Account Online Gaming Payments. Transparent oversight. This includes the merchant, the credit card company, and the bank that issues and finances the card. Other types of high risk merchants can usually still get their payments processed by large banks and major credit card companies. credit/debit cards and cash management. Our payment-specific solutions allow businesses of all sizes to. To keep your global reach and maintain a good relationship with your bank, you should opt for a provider that specializes in high-risk or gambling companies and do your utmost to keep your account in order. Also difficult to get bank MIDs so whoever gets MIDs from banks and give good success. A high-risk merchant account is specifically designed to support payment processing for high-risk businesses. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. This is up from #5 in 2019. EMerchantBroker. Best for online and international sellers: Durango Merchant Services. These merchants pay more for processing due to the higher amount of work involved in making sure their payment transactions are approved. Dharma Merchant Services: Best for merchants who process more than $10,000/month. Achieve higher transaction approval rates, lower the risk of fraudulent transactions, increase revenue. With high risk merchant accounts, the bank may use risk management strategies like a rolling reserve, to protect the bank and the merchant from potential losses. Most e-gaming operators have experienced difficulties finding a reliable service provider and merchant account facilities necessary for credit card transaction processing. That includes completing ALL your accounts in full, filing them correctly – on time – then making all of that accessible to the Acquirer/Processor. How to Apply for a Curacao e-Gaming License. Once a merchant account is terminated, your acquirer is required to add you to the MATCH List (sometimes called the “Terminated Merchant File”). At American Express, our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. The main difference between online gambling and casino businesses and other businesses such as brick-and-mortar retail stores is how risky these businesses are to acquirers. Risks are heightened when the. 6% plus 10¢ per transaction, while online rates come in at 3. Some merchant banks will be reluctant to open an account for your company as gaming sites are considered high risk. The Visa Dispute Monitoring Program, or VDMP, gives Visa a way to keep tabs on chargeback activity at the merchant level. : Best for low. Prepaid cards, checks, insurance or other financial merchandise or services. Maintain impeccable accounts - good or bad. This means merchants wanting to access Authorize. Choose Payment Methods and Systems for. But a merchant forgets that for such a risk the claimant must also be strong. $15 monthly fee ($12 for nonprofits) Interchange + 0. Chargebacks911, 2022 Chargebacks Costs. By doing this, you can prevent your account from being deleted suddenly. Businesses benefit from the enhanced security features of embedded payments, which help reduce the risk of fraud and data breaches. It provides a graphical overlay to simplify the deployment of game servers, and serves as the next iteration of the popular Minecraft server control panel McMyAdmin. The gaming business merchants are called high risk merchant accounts because of the following reasons: The gaming business has a high volume turnover which is considered a risk factor by banks and merchant account providers who are giving them a credit line. This means they must apply for a high-risk merchant account. 4% for mid-risk transactions. Online casino and gaming merchant accounts from Leap Payments are available for companies in the following industries: Digital Games. The degree of risk an organization is met with varies according to several factors. 2- Identity Checks and Due Diligence. Capital International Bank is a unique, entirely digital Corporate banking solution which can help those corporates looking to set up an Isle of Man bank account. This solution includes hosted payment pages; one-time, subscription, and one-click billing solutions; risk management; affiliate tools, and end-user customer support. GBO is one of the leading company formation agent in IFZA . 9 Cryptocurrency Merchants. Fastest application process: Soar Payments. Our team of experts are ready to update you with the likely costs – please contact us. The GBO team will be happy to assist you to open bank accounts to your gambling company. For merchant acquirers looking to manage and grow their high-risk business, online gambling merchants are a growing target market. We help companies who need to acquire an online gaming merchant account and run a sustainable business. Offshore High Risk Merchant Account Providers. Likewise, your first payout, regardless of your risk level, usually. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and. 25 for ACH and EFT payments, capped. 01332 477 85301274 649 89301274 649 89501274 649 893. Merchants wind up on the MATCH list for a variety of reasons, including: Excessive chargebacks. With the growing rate at which cyber crimes occur, locating a high-risk account provider that processes all transactions safely is vital. 1. We are not blowing our own trumpet but revealing to you the truth that WebPays is what you all need. More than 2% charge back. It will typically allow payments to be made via credit and debit card. One of the pieces of this puzzle involves checking the details known about the merchant against databases with entities the payment provider should avoid. However, for those based in Curaçao, with our expert help, we can provide you with an EU-based payment processing agent providing high-risk merchant account payment processing. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. Leaders Merchant Services: Best for Established Businesses 4. Managed-risk merchants are categorized as such because statistics show that they tend to have high chargeback rates and significant numbers of payment disputes. : Best for global payment processing. EPIC Risk Management is the world’s leading independent gambling harm minimization consultancy. The Curaçao Gaming Commission, often known as the Curaçao Gaming Control Board or simply Curaçao eGaming, is the body responsible for overseeing online gaming in Curaçao, a Caribbean island that is a member of the Kingdom of the Netherlands. MCC 3xxx. By now, you probably know your business is classified as high-risk. Before onboarding merchants, all payment providers are responsible for conducting due diligence on those merchants to verify their identities and to guard against fraudulent or criminal activity. Avoiding fraud. Supported industries: Adult services, CBD, online dating, vape sales. 2 Service Provider Risk Management Program. Many software developers have also started offering their games on the. Attention Forex Companies! GBO's Banking and Payments Solutions for Forex Companies. Best merchant accounts for eGaming businesses PaymentCloud. Soar Payments. Higher sales projections, lower credit scores, and inadequate financial standing may increase credit risk. Payments companies assumed risk for losses associated with chargebacks, fraud, KYC, or AML, while also providing support, dispute management, and reporting. (ECM) and High Excessive Chargeback Management (HECM). and LexisNexis Risk Solutions. Average Chargeback Ratio: 0. The risk management process serves as a communication tool for senior management and the board when evaluating whether management actions are consistent with board strategic objectives. A fraudster will open multiple accounts to take advantage of special offers. As a result, Risk management. 2. Some merchants offer a set percentage off every day, while others may offer a discount on certain days of the week. in-person; 2. Online gambling. We take Visa’s Global Brand Protection Program very seriously and we can also work with you if you fall under one of their High-Brand Risk Merchant Categories. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. 5% + $0. Automated Data Collection. Welcome to my LinkedIn profile! I am a results-driven sales leader with a proven track record of success spanning over a decade. 15% + $0. In 2021, we launched a new roadmap. This company specializes in opening high-risk merchant accounts. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. 2. The clue is in the title – risk management. With online gambling revenue rapidly increasing 2, growth at this scale can present risk and security challenges for many operators,. g. AMP provides support for third party mods, heavy focus on security, and a sleek web interface for. Common merchants that offer senior discounts include grocery. Management: A group of seasoned individuals who have a thorough awareness of the business climate in the UAE and the region oversee IFZA. Full legal package: AML framework, Compliance officer and policies, Audits under new regulation, IT audits. 1. Fastest application process: Soar Payments. You will definitely need a payment processor that has extensive experience with high-risk merchants. In order to apply for a Curacao gaming license from the Curacao Gaming Commission you will need to disclose your banking history and criminal history. Stricter terms A lot of standard merchant accounts have no contract. Average sales tickets are high. Heinemann. This will save time for yourself and the participants. Next, be sure that the payment processor can properly manage the high volume of transactions that is common among online gambling merchants. Visit the merchant’s website and document what type of merchant it is at a granular level to set a. Paysafe connects merchants and consumers around the world through seamless payment processing, digital wallet, and online cash solutions. 2. Section 2: E-Commerce Risk Management Best Practices. It. Capital International Bank has been designed around the needs of corporate clients and we have a strong. No restrictions on cryptocurrency with a Curaçao license. Computrad are the leading. Over the past few years, the Sports Betting and iGaming industries have seen an increase of player activity and are anticipated to be valued at more than $92. Gaming and gambling are often categorized as high risk businesses. But, when gaming gets associated with gambling, the level of risk increases. Search site. At its core, merchant fraud is a type of criminal activity in which an individual or group seeks to exploit the payment systems and processes that underpin the world of commerce, in order to steal from unsuspecting businesses and consumers. In-person payments cost the merchant a fee of 2. The latter is especially crucial, as data from Chargebacks911 states a single chargeback will cost merchants $190. Excessive chargebacks are a prime reason why merchants are denied payment processing services. Chargeback fraud: iGaming sites often act as e-wallets, where players can deposit funds using credit cards. This will determine the account benefits, services, and fees that a business will get. Each merchant service provider received a rating based on over 50 data points. Have payouts to contractors, and even gaming tournament's winners confirmed in up to 1 hour. Opening business bank accounts. Moreover, NMI processes billions of dollars in payments yearly, making it one of the most significant gateways worldwide. To meet their needs and make the company formation procedure as seamless as possible, they work directly with clients. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). If it’s just recreational gaming, the risks involved in the business are much less. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. 1 • Management identification of Merchant Service Providers (MSRs) and ISOs used • Contingent liabilities arising from the bank’s processing activities . The player who plays is also aware of this risk and so is the merchant who is providing a platform. Nonetheless, we have a high endorsement rate for high risk merchants and offer. XanPay. • People Management: Led a team of 6 direct and 60+ indirect reports to manage a very fast-paced Startup environment for the Fintech products: e-wallet, C2C / C2B payments, debit cards and personal loans. Online gaming operators may have to shop-around for a high-risk merchant account. Skill gaming merchants should aim to secure an MCC7994 code. Most financial institutions reject clients from high-risk industries but a legitimate gambling business must have a merchant account and a business bank account. Of course, the level of risk will vary with the type of goods or. The Gemeinsamen Glücksspielbehörde der Länder or GGL, was put in charge of licensing interested operators. APPLY NOW. 2. While merchants are typically corporate entities, they can be natural persons as well. Opening business bank accounts. Their in-depth understanding of gamers and a professional team with solid tech and product focus have allowed them to. Square: Best Overall PayPal Alternative. 5 billion by 2026. Posted on: 9 Nov, 20:58. Square. Merchant Ivory Productions — is a film production company, established in 1961. 50% + $0. To help you find the right solution for your needs, we’ve ranked our picks of the best merchant services for small business available today. Pay Attention to Firewall Management . But, when gaming gets associated with gambling, the level of risk increases. The Stripe platform also includes invoicing and billing functions. 25 for keyed/online transactions. 99% with a flat fee of 10¢ – 49¢ for these transactions. Mastercard Payment Gateway Services (MPGS) provides advanced payment processing and fraud prevention technology to merchants, technology partners and acquirers across the globe. 428 (98) affirming that Safety Management Systems (SMS) should account for cyber risks. It means that the KYM procedure involves best practices from both the KYC and KYB procedures to ensure the merchant onboarding process is smooth and efficient. The buyers of accounts are often people who are new to the game or not as advanced and are looking for an easy way to win. Once a merchant is set up, the payment processing involves the. Travel & Hospitality. Average payment processor costs. Industries that are categorized as high-risk merchants ( Example: Firearm sellers, vape and e-cigarette merchants, alcohol, and cigars) Credit History. Leaders Merchant Services – Affordable free credit card processing and budget-friendly custom pricing for low-risk small businesses. 56 Customer Relations jobs available in S Charleston, OH on Indeed. The list is a database of information about business, their owners, and the reasons and/or codes for why they were placed on a TMF. We have over 23 years of experience in providing corporate services. UK. When the competitions are over, notify all the winners about where and when the finals will be held, collect all the fr equently asked questions and rapidly respond to any emails. years' payment experience. The resolution also stated cyber risks should be included within the SMS no later than the first annual verification of the company’s Document of Compliance after 1 January 2021. My journey in the dynamic world of sales has been characterized by a deep-seated passion for driving growth and cultivating strategic partnerships. Online Casinos. The High-risk Experience. Why is your business, an online gaming business, considered high risk? The reasons are the following: it has a high-volume turnover, there are age restrictions, diverse global laws, and significantly higher instances of chargebacks. To discuss your payment management needs with one of our expert advisors. High-risk merchants can be very attractive additions to your portfolio because they can generate significant financial rewards. Clover uses a flat-rate pricing structure. We hold and update 16 registers including Jersey companies, business names, foundations, partnerships and security interests. Merchants Trust plc — is an investment trust focused on. Scalability, high speed of operation, and intuitive management make the SOFTSWISS Online Casino Platform an exceptionally reliable. GWRA specializes in enterprise risk management for state agencies and municipalities. With a 10-minute conversation, our merchant account experts can walk you through the possibilities at 1-800-530-2444. GBO can assist you to find a multi-currency e-commerce provider and proven fraud management mechanism, which enables merchants to conduct secure transactions with customers all over the world. With over 25 years of verifiable commercial success, Melcom. The guide contains risk management information aimed to assist those new to the payment system as well as seasoned organizations. The guide contains risk management information aimed to assist those new to the payment system as well as seasoned organizations. The GBO team will be happy to assist you to open bank accounts to your gambling company. 6% plus 10 cents per transaction. High-risk businesses can expect processing rates of 3. But as mentioned, online gambling companies and other business entities like eCommerce, subscription-based services, forex, and exchanges also fall under the high-risk category. According to the recent update from 13. These types of purchases are usually small, low-risk orders, but can add up to a big hit on a merchant’s bottom line. Last update 8. If you are looking to open a merchant account, Fast Offshore can help. Home Industries Gaming Gaming The rise of online gambling and more widespread legalization exposes the gaming industry to broader opportunities — and new risks. As a merchant A business that accepts credit cards for goods or services. The merchant account acts as the middleman between the. It acts as the mediator between the customer and the merchant to make payments. Manage one-time and recurring billing so members can auto-pay on a set schedule. 4814. PayPal: Best For Seasonal Or Low-Volume Businesses. This account regulates all business economic activities. in-person; 2. G2 provides Mastercard’s required monthly merchant compliance reporting on your behalf. Financial institutions typically screen merchants through the MATCH list to verify whether they have a history of poor business activities or have ever had their ability to process. eMerchantBroker Domestic and Offshore CBD Processing. The gaming industry tends to see a high rate of fraud attacks. Merchants may be rejected based on the nature of bookings. Ensure your merchant monitoring approach is comprehensive. PCI compliance means that your systems are secure, reducing the chances of data breaches. 2 Regulatory and Compliance Risk 7 3. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. As e-gaming companies are considered high risk, they are often rejected by banks and instead will have to work with a payment processor familiar with the high-risk. Ensure your merchant monitoring approach is comprehensive. Service providers and gaming websites depend on the easy management of funds transfer from their. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. High-risk businesses can expect processing rates of 3. This is why,. eMerchant Authority’s Online Gaming Merchant Options. 4 Brand and Reputation Risk 8 Chapter 4. Video gaming industry has a 14. With a merchant account from Instabill, we offer live support Monday. Financial institutions offering manual or automated cash disbursements. Best High Risk Forex Merchant Accounts. My journey in the dynamic world of sales has been characterized by a deep-seated passion for driving growth and cultivating strategic partnerships. Why payments play an instrumental role in the growth of the global iGaming market in 2023 and beyond. Square. . Managing this risk is a full-time job in itself. In 2017, the International Maritime Organisation (IMO) passed resolution MSC. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. . 7. EMerchantBroker. Service providers and gaming websites depend on the easy management of funds transfer from their. Moonlight Payments Overview. Here's the list of some reasons why you're unable to activate the online payment feature: Type of products or services you sell. 6 billion. Download our Merchant Risk. 4) Avoiding Set-Up Hassles. 9% + 30¢ online. Payment processors pose greater money laundering and fraud risk if they do not have an effective means of verifying their merchant clients' identities and business practices. The Pros. Best one-stop shop: First Card Payments. Bonus Abuse. Segpay is a Payments Platform specializing in online credit card processing for e-commerce merchants and subscription-based content providers who intend to operate globally. Dharma Merchant Services. It has a high level of customization and allows users to pay using many methods. Friendly fraud is now reportedly the #1 fraud attack source that merchants have to deal with. Level up on payments with ECOMMPAY's online gaming processing solutions. This may reduce your risk if you end up on a malicious web site. Your high-risk merchant account provider should offer personalized features to your business to best address the various obstacles that you encounter. Home users often use firewalls to help protect their computers. American Express considers a business more likely to have a high chargeback ratio to be a “high-risk merchant. Best for chargeback monitoring: SMB Global. High-risk businesses are typically those that are new, have a history of credit problems, or operate in an industry that is considered. The merchant’s payment processing terminal electronically sends the card number, transaction amount, and merchant ID number to the acquirer. Fraudsters use other people’s cards, which may work but incur chargeback fees. The company has a positive reputation for transparent customer service and reliable support. Content of this guide applies to traditional “pull” payments,. The online lottery software providers offer full online lotto white label solutions including online lotto software, analytics, risk, insurance and all the necessary tools that will assist you to focus on marketing your online lottery site and generate revenue. For this reason, effective management of chargebacks & fraud is important for all travel merchants. National Processing: Best for an all-around processor. Look for people who are knowledgeable in the gaming and gambling industries in particular. 5% projected compound annual growth rate from 2020-2026. Internet businesses with offshore. reserve fee: VFMP Thresholds. 9B by 2023 1. As a leader in merchant services. 2. Worldpay. These Are the Best Free Credit Card Processing Companies in 2023. Instabil is a leading high risk merchant account provider for online gambling merchants, e-commerce, MOTO, and retail businesses. ETtech. For example, the community bank group risk officer reported directly to the head of the community bank and only on a dotted-line basis to the central chief risk officer. Merchants are labeled high risk for certain reasons: A merchant might have imperfect or flawed credit history. Make iGaming payments simple with Paysafe's payment processing solutions. 3. To meet their needs and make the company formation procedure as seamless as possible, they work directly with clients. PaymentCloud – Surcharging. . When awarding a merchant account, financial institutions categorize businesses into two types, the low-risk and the high-risk. The definition of “high-risk” is that there might be loss of money, chances of money laundering, users’ data theft, etc. There are a variety of ways to run an online gaming business. Some customers might join your gaming service or website for a bit and then leave. Merchants with excessive chargebacks represent higher risk, meaning they’ll have to work with a high-risk merchant account and/or processor. 5% with a fixed fee per transaction of 10¢ to 50¢. For most online companies, there are no issues when it comes to securing merchant services, however companies dealing in these high-risk fields are met with many obstacles and difficulties when trying to find a service provider. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. High risk merchant accounts are for businesses that are seen as potentially having a lot of fraud or chargebacks related to accepting credit card payments. Increase your revenue and never lose out on a sale again. 73 9. MerchACT is a specialized high-risk payment processor with proven account experience. An EY survey of large US merchants 1 reveals that more than 85% of merchants are planning to accept new APMs — defined as nontraditional payments, like digital wallets, account-to-account (A2A) bank transfers and buy now pay later (BNPL) — in the next one to three years. Finance managed services; Risk managed services; Legal managed services; Explore Managed Services Close Managed services. . RNGs are programmed to produce a stream of numbers that cannot be predicted and that do not follow any pattern. It offers the lowest fee, which is why thousands of companies use XanPay worldwide. Typically charges are bit higher than standard eCommerce rates (High risk merchants so rates will be higher). Estimates suggest that cloud gaming services will cause annual electricity use to rise by 40% to 60% for desktops, 120% to 300% for laptops, 30% to 200% for consoles, and 130% to 260% for streaming devices. The process is easy, so you can focus on more important things. Merchant fraud can take many forms: Credit card fraud. In contrast, gamers will frequent, spend more time with, and return to. . G2 Key Features. Either one can result in serious consequences for merchants who fail to quickly correct course after being enrolled. the example above, the Merchant descriptor for John’s Farm must be John’s Farm Parking; the descriptor for Ship Chandler must be Ship Chandler Restaurant.